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are not in a position to do things that we otherwise would be in a position to in terms of shaping the environment to prevent war. so in my view, americas 60 veto fiscal picture increases the risk of conflict around the globe media not always involving the u.s., though certainly the risk of increasing globally. based on our fiscal picture. the point that i would want to make is the budget deal requires us to deal with a full deck of cards and those people who keep wanting to take things off the table. when i say a full deck of cards, that includes defense participating in deficit reduction. this cannot be in the case of defense a sledgehammer approach. it's going to take a long line of dealing with these issues overtime to give the defense department time and they can make in my view very significant changes in the budget, but doing it in a way that does not damage our security. doing it abruptly as the fiscal cliff does or in a very compressed time frame is not only inefficient and dangerous to security in our s. my final point is that they are missing an element in this town is primarily politic
a pollution, dangerous to the environment in co2 is of course that these plans. they attempt to surprise or two epitomize the anti-nature, enterprise spirit of this administration. the reason we need another supply-side revival of the same kind we had under ronald reagan. >> would you change anything you wrote in the original "wealth and poverty"? >> i would've changed quite a lot. there's all kinds of details that a changed. but i found that to try to change one thing would be to change everything. so you know, you get into the morass of editorial work. so instead of changing an essentially retained the old look and added 40,000 new words at the beginning and kind and revision of my monetary policy in the middle. it's a new book, but it contains the old book veered >> pennysaver bishop monetary policy, what do you mean by that? >> i failed to make clear in the original version of "wealth and poverty" that i believe can stable currencies. i don't believe including current these. i agree with steve forbes that flow currencies, which is the standard value by which every entrepreneur has to
on the overall security environment on the peninsula as well as in asia. >> did you follow up anything new? we been hearing rumblings for a time. anything new you can provide in terms of insight into lunches are things like that? >> i think you're tracking it pretty well for the media today there are indications of what they will call a satellite launch. we believe it is still the u.n. security resolutions because of the missile they'll be fired and the implications it has for ballistic missiles activity somewhere down the road and the destabilizing impact it will have on the security environment throughout the region, not just dependent. >> can you follow up on some of that? what is your assessment? they say they saw birth of her problems at their failed launch. what is your assessment? how could they have felt the problems? juicier ran possibly helping them? and do you think he's doing this in response to hard-liners in his own government? why would he be doing this? >> well, the professed reason is to probably do it in conjunction with the anniversary on the 17th, which is widely reported i
environment and she been such a great champion of public transportation that even cal train named a loco motor after jackie spear. please welcome congress woman jackie spear. >> thank you mr. mayor. thank you secretary lahood. thank you to the incredible leadership, senator feinstein, nancy pelosi and mayor lee and the board of supervisors to chairman nol an from the sfmta. i am on pins and needles. do we have anything else to report? it's still at the same point we think they're in commercials. i am reminded from the song from "top gun" "take my breath away" and $942 million takes my breath away and i think to mayor lee for that amount i think we should get a leather flight jacket to thank mr. lahood for the great gift to our great city. the new money that is going to be used here is going to create 1,000 new jobs before the end of the year with many more jobs to come after that. that is something to applaud. thank you again secretary lahood for that. this is one point 7 miles very similar to the length of the golden gate bridge when 75 years ago that was going to be built and littl
and in the environment grow more numerous and more fearsome. in response, progressives of all stripes coalesce, find their voice and their strength and pioneer the development of a powerful set of new ideas and policy proposals confirming that the path to a better world does, indeed, exist. demonstrations and protests multiply, and a popular movement for pro-democracy reform and transformative change is born. at the local level, people in groups plant the seeds of change through a host of innovative initiatives that provide inspirational models of how things might work in a new political economy devoted to sustaining human and natural communities. and sensing the direction in which things are moving, our wiser and more responsible leaders rise to the occasion, support the growing movement for change and frame a compelling story or narrative that makes sense of it all and provides a positive vision of a better america. the movement broadens to become a major national force. we don't know exactly how these or other forces will emerge or interact, but we do know this: that pleas for immediate action, f
what they are doing here and implications in the overall security environment on the korean peninsula, as well as destination. >> anything new? we been hearing some rumblings for some time that there might be some activity on that front. anything new that you can provide in terms of insights into launches or things like that? >> well, i think you're tracking a pretty well. i think from the media today there are indications declared indications of their intention to do what they would call a peaceful satellite launch. and we believe it is in contradictory to the u.n. security council resolutions, that because of the nature of the type of missile they will be firing and the implications it has for ballistic missile type of activity somewhere down the road, and the destabilizing impact that will have on security incitement throughout the throughout the region, not just on the peninsula. >> can you follow up on some of -- was short assessment? they say they have solve whatever problems they had with her april failed launch. what's your assessment? how could they have solve the problem? wh
. who have good home environments, right? who don't run a crazy ship at home. the kids with a crazy environment, homework hurts then. we have to make it equitable and fair for them to have the same environment to work on the crazy, familiarial problem. >> greg: what is french homework? riding a bicycle with a basket and bah quet? >> andrea: drinking red wine and smoking cigarettes. you got a-plus. >> bob: they go home and get loaded with wine. >> greg: i'm half french. bost you are? >> greg: yes. >> andrea: oh hl la. >> dana: que paso. >> greg: what does that mean? >> dana: what's up in spanish. >> greg: what does vit to do with this? you know who words from a language. >> dana: no. i know more than that. i do. i swear. feliz navidad. that is coming up, how much do they know about fe will beiz navdad? andrea hit the streets to find out. >> can you name tall santa reindeer? >> prancer. >> ♪ on this 12th day of christmas my true love gave to me 12 --" >> geese allaying. >> dana: christmas trivia directly ahead. ♪ ♪ [ male announcer ] you like who you are... and you learned somet
smiling, playing, and learning together in a safe environment. but here is the surprise. this isn't america, it's tijuana, mexico. a tough place for a child due to drugs, violence and poverty. but the first club is helping to change lives. and this is the first boys and girls club in south africa, lives are changed here and in mexico, because the children are learning that great futures start here. the expansion of the dream is due to the vision of tupperware brand's ceo, rick and his wife susan. for more than 20 years, he's been encouraging the company to make a difference through global and social responsibility. >> i think there's really a change in the role of what-- in the social contract between individuals and their governments. a lot of governments are going broke, there's a time here where corporations need to step up and find a way, not just to fund, but to put their focus, when you put funds and focus behind it, then things start to happen. >> tupperware is proof that some big businesses are big on helping others, since 1992, tupperware has been one of the leading corpo
environment, a huge life skill competitive sports in particular, extraordinary gain of american football. >> would you want for christmas? >> record by the dolphins but maybe we are off. we will see. i know i should aim higher. >> happy birthday. we are honored, we appreciate you being here. thank you for watching us. we are thankful for the partnership, thank you for coming out so early. thank you for a fantastic conversation. [applause] >> thank you for having me. >> the supreme court will look at what happened in 2008 by a majority of 6-3 and they are going to say that is a precedent and indiana had -- >> talking about facts, they decided on the indiana case it was constitutional for them to establish i d. they did not say that all of those states would subsequently -- [talking over each other] >> let me finish because you misrepresented what i said. [talking over each other] >> the supreme court is the law of the land. >> when i hear these accusations that black people, voter i.d. laws disproportionately affect minorities because it -- somehow we have something missing in our brain.
on both environment and genetics. we have established large networks to collect data and conduct powerful analyses. those networks explore possible causative factors in the environment before, during and after pregnancy. one of these networks published a study that suggests prenatal and early life exposure to car emissions is a factor. in 2012, congress appropriated over $47 million for autism and other developmental disorders. this supports 43 training programs through 41 states and projects for underserved populations. federal agencies also use public-private partnerships to maximize our, such as the nih national data office of research that has an autism depository. this brings together hundreds of researchers and clinicians with tens of thousands of people nationwide affected by asd. there is a call center, web based -- the nih supported the association in the early prevention of autism. in conclusion, since the establishment, wide expertise has come to bear on autism with research rapidly translating into individuals and the community. coordinated efforts to identify best practices t
us about. host: thank you for the call. speaking along the lines of the environment and the epa. there is this -- from "to the boston globe" -- this from "the l.a. times" -- from "the gazette" in colorado -- our question for you is, what the think the president's no. 1 priority should be? just is joining us on the democrat line. caller: good morning. it was a little bit of serendipity that you read the editorial from "the new york times." i believe the first priority, our entire government should be repairing the infrastructure of the country. we have some infrastructure from the 19th century. with what just happened in new york, i really do think that our treasure and our people -- repairing the infrastructure will create jobs. we also have to begin protecting our coastal communities from the mega storms. even if we just decided right now to work against climate change or to slow down climate change, it still is going to happen. it will happen. it is a mechanism that is not going to stop even if we were to stop pumping co2 into the atmosphere. we have to prepare and work to tha
, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the am more at thisization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite small for the old loans. it's really going to be quite valuable for these newer very low interest rate loans. >> i'll be briefly two more questions. i see that f.h.a. is now making loans to people who three years ago were foreclosed upon. and that's a very different standard than even exists at fannie and freddie. i don't understand. why are you doing that? >> this is another area where we are working on changes. here's the issue. we have a significant number of homeowners that were responsible homeowners, had good credit scores that lost their jobs in the biggest economic crisis this country has faced since the de
state. >> a lot of places have drug-free work environments. now doesn't that come into question at least for today in washington state? is it the same as having a beer at lunch and coming to work? smoke a joint and come to work in what was a drug-free environment? >> it's a wonderful question. the effects will be different depending on one's tolerance. ultimately an employer has as right to expect when they employ people to come to work they are able and fit to do the job for which they were hired. certainly if there is as it relates to alcohol you're not sober and as it relates to marijuana you are a bit hazy of the mind, the employer would legally be well within their rights to take the appropriate action which means if you smoke too much, you're fired. >> guess that's a good answer to a clever conundrum they find themselves in. thank you so much. appreciate it. >>> coming up in ten minutes as well, the los angeles mayor is going to join me. he's going to talk about a federal crackdown on medical marijuana in california and now how all of this might square and he's also going to weigh
in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of capital gains income and you get 20% more tax revenue. >> you don't, because people decide to shelter it. they do their transactions the year before, when the amount is less. and so, all of these numbers that the white house is counting on and sort of rubbing its hands together hoping to get. they're not going to get an
on a new, we have the un at trading on the environment. this makes no difference -- >> why not throw a bone to bob dole? >> why throw a bone to the un? >> oh. >> is run byy dictatotors, it has a human rights committee with the worst violators in the world. why should we give any legitimacy at all? give me an answer on that. >> the chamber of commerce supports the street, along with the veterans' organizations and religis groups. they suprt it because the united states has been the leader in this area and they would like other countries to comply, make -- >> it is modeled on the americans with disabilities act. >> i know that, but it has no effect -- >> the point of the treaty is get other countries to become signatories and i got to the language and the intent of the treaty, to look out for people with disabilities. you accept the arguments. >> yeah, exactly the way the u.n. human r rights commission has spread human rights to countries around the world. it does nothing. >> you used to call people who thought like this nativist. >> it s notng to do with it nativism. the u.n. is a perniciou
by the american people and your businesses and the economic environment worldwide. we should not accept going through that. you know, john engler, he and i philosophically do not agree on much -- [ laughter ] >> you know, i am just being honest about john. he ii a great politician. he comes from the other party. he is exactly right when he says the only thing that the debt ceiling is good for is destroying your credit rating. i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggest that they will type negotiations to that feeling both and take us to the brink of default onne again, as part of a budget to go she asian, which, by the way, we have never done in our history, until we did it last year, i will not play that game. with that, let me just say, we have one path where we resolve this fairly quickly. we have some tough spending cuts. we have modest revenue increases. you get business certainty. you do what you do best. and, we then have an open running world next year to deal with a whole host of other issues like in
, that's a target-rich environment is what we refer to california. they raise taxes again. they sent the message that the unions are going to continue to control the process out there. they defeated proposition 32. they passed proposition 30 which was the increase in their taxes. so, california businessmen and women are looking at their bottom line saying, where are we going to go? other places? >> governor, is it too much of a leap to say when we do this at the federal level they leave the country, bilss can eventually leave the country. >> sure. >> but we can't seem to make the leap to say that. and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by say
've had those things happen, do they have a productive environment to solve problems? not necessarily. they're still overcoming the divisiveness, the hard feelings from all of that." at the time reporters wanted to know whether rick snyder would support what is known as a right to work law. the idea of right to work is simple. under a right to work law, employees of a union shop don't have to pay union dues. the employees get the benefit of the union, the higher wages and better health care, all of that, but they do not have to pay for it. why pay money if you can have something for free? for unions, the results of this are close to catastrophic which is why republicans and big business love right to work laws. they are a way of destroying unions. the same heritage foundation that will be jim demint's new home says union membership fell by 15% in states that passed right to work. union organizing fell by half, passing a right to work law stops unions and it stops organizing. on the labor left, the economic policy institute reports that wages fall by more than 3% after you institute ri
what the environment means in haiti. >> the environment means a lot. haiti is a country that has been hit by seasonal climate events almost every year. weather events and hurricanes have severely affected the country. every year, thousands of people are dying. many have been displaced. many others are still homeless. as a youth, it is my responsibility to take part in these activities, to do something about it. i would like to see climate justice. >> what the climate justice mean to you? >> for me, eradication of poverty. that means developed countries need to take responsibility by fulfilling -- by providing finance, which is key for countries like haiti. >> marco, what the climate justice mean to you? >> all of that, including the fact that currently, emissions in the atmosphere, 75% are coming from developed countries , countries that have done everything for over a century and now they're trying to place the burden on developed countries -- developing countries who barely have enough to eat. we have a severe injustice here that we need to act on. climate justice, in a nutshell, me
of their people here, in this environment, there is little reason to lock at promising u.s., what is attracting money to places like switzerland, that it is not, inhibiting capital forming a and grrwth, we are. this has been developinn under republicans and democratic presidents alike with rules and regulations this is a very unfriendly environment to business. >> tax -- real tax rate for the large corporations, many who pay no federal income tax is 17%, it is not 35% or 30%, that is the tax rate, due to all loopholes. neil: i know, we can get into this argument. the real tax rate in japan now north of 13%, we can go back and forth on this but trend is up here, there are a lot of countries where reversing or slowing there, that is to a businessman looking to expand a good reason to expand. >> let's lower the bar, let's expect these u.s. corporationss3 with their privilages they have been given, as least keep as much money her as percentage -- >> you act like they are doing nothing here. they are hiring people, and growing hire, they have done a well the here, and our thank you to them. >> as we
states, inflict damage, physical and reputational, on the jordanian government in an environment in which all other governments are certainly dealing with their own difficulties right now. >> reporter: all 11 suspects were rounded up by jordanian security forces in mid october. jordanian officials say they'd planned to strike on november 9th, the seventh anniversary of the last al qaeda attack in jordan. when suicide bombers struck three hotels in amman, killing about 60 people. the man who claimed responsible for that attack was al zarqawi who led the group al qaeda in iraq. he was killed by u.s. forces in 2006. but analysts say the recent resurgence of al qaeda in iraq shows an unsettling pattern. >> we thought we had them essentially pushed to the wall and snuffed out to a large degree. some individuals were released from prison in iraq and rejoined this group. and certainly when you have a country that is unstable like iraq and you have tremendous sectarian tension there and violence, the more from the sunni side on to the shiite side, you can't be surprised that a group like al qaeda
to implement. i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite small for the old loans. it's really going to be quite valuable for these newer very low interest rate loans. >> i'll be briefly two more questions. i see that f.h.a. is now making loans to people who three years ago were foreclosed upon. and that's a very different standard than even exists at fannie and freddie. i don't understand. why are you doing that? >> this is another area where we are working on changes. here's the issue. we have a significant number of homeowners that were responsible homeowners, had good credit scores that lost their jobs in the biggest economic crisis th
then baked circe wells while also enhancing the environment. although the project on our coast of their job, they were weakened or in the storm not require repairs so were not for mobility future storms. unfortunately the northeast mid-atlantic received more frequent and larger storms like standing in the future. the 70 to find cost-effective ways to ensure projects will continue to protect lives and property. we also need to look into whether adaptive measures. wetlands, oyster beds and sea grass that are cost and can be sustained for years to come. but can also get better results for less money if we allow states more flexibility in managing different sources along the shoreline is a complete set of the system instead as an individual project. this strategy is called regional government man to rent this one that deserves more attention. madam chair and colleagues, i think you've concluded your draft of water resources bill in which i appreciate and i hope we can address that later this year. unfortunately, other areas where this will protect it and saw. this first photo -- this is a new b
will say, however, that the value of doing it now in a low interest rate environment is larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal. therefore, this will be a more valuable change. second, because these loans are so low interest rate, they will be on our books far longer. not many loans in the past have hit that limit. even though it is $1 trillion, the value of the change is small for the old loans. it is going to be valuable for these newer, very low interest rate loans. >> briefly two more questions. i see that f.h.a. is now making loans to people who three years ago were foreclosed upon. and that is a very different standard than even exists at fannie and freddie. why are you doing that? put this is another area where we are working on changes. responsible hone owners got good credit scores that lost their jobs. we believe somebody can show that they are back to work and a responsible borer again. that is someone we would work with. i would agree that our standards are not clear enough in dividing those. so what we
and be informed in an entertaining, fun environment, in a safe environment, where they can take that, what they have learned from the show and have conversations. >> it is also a tough environment. i e-mailed you before i went to see it. i said, i have a daughter that's almost 11. do you think you should bring her? >> i thought, i'm not sure. when i thought it, i saw exactly, i'm not sure. some of what happens to girls in the world is pretty ugly. >> i think girls 12 and over should see the play. i was just doing the 1 billion rising tour that we will talk about. i was in mexico city. i was with one of the women there that is fighting sex trafficking and human trafficking which $6 billion a year industry. we were just walking down the streets. there were girls, 9, 10, 11, 12, who had been sold, who had been kidnapped, raped 60 times a day. the kind of lives of women, girls across the planet is so varied. it is all part of the same story, girls not having agency over their bodies. >> on the one hand, you have monologues, often global girls telling about horrific conditions like that sexual
look at jobs report tomorrow, is dismal. we're liking inflationary environment down the road. this is bad news. >> you could could make the argument invite blowing past short term helpful, long term payne full. melissa: spending cuts, tax hikes are very dramatic going over the cliff. when you look at numbers, still is like five to one raising taxes to cutting spending. >> that's right. melissa: no one is really talking about cutting spending. isn't that the first thing you would do? if your fiscal house was in such disarray, household at home, first thing you do is stop spending. no one is doing that. >> what scares me, is that point. whether you agree or disagree hiking taxes i am not a fan of it but i think it will come. we can get past this. charlie gasparino and i have argued this. one of the consequences of the election the president will probably get his way raising most rates. melissa: right. >> i'm not saying i'm a fan. let's get past that, let's make it happen. republicans realize you lost election you didn't suddenly lose your backbone. this should be precursor gett
clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's vanced technology, call or visit trylyric.com for a risk--free 30--day trialffer. you'll also get a free informational dvd and brochure. why wait? hear today what a little lyric cacan do for you. lyric from phonak. life is on. >> breaking news from the white house, here is administration's response to the jobs market. alan krueger, chairman of economic advisors says, look, today's report provides further evidence today's economy is going to heal and here is part of the white house response. it's critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole caused by the severe recession. okay, keep going. we want these policies, that's from the white house. tax increases coming next
does grover norquist wield in this environment? >> he wield power. the invincibility of grover norquist is overblown by us in the media. this tax pledge isn't with grover norquist as it is with taxpayers in the state that voted for a lot of these conservatives who signed the pledge. i think it's foolish to think there isn't going to be a deal cut. we don't know what the deal will be. it's foot foolish to think anyone wants the legacy to be they drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromise on both sides. >> that's right. the marker they threw down, kevin, is the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wrat
's hard to earn an extra buck in that environment. you're seeing citi, in fact, address those concerns in the layoff announcement today. >> ifill: what does that tell bus the health of the banking sector and whether other big banking institution might be following suit? >> citigroup is not as mump an indicator species as i think people would want it to be. 15 years ago, it was the financial supermarket. it rolled everything together. it's one-stop shopping, and that mold has been called into question, not least by the architect of this model, sandy wiel, saying we should break up the big banks. gwen, i think it tells us more about the end of the era of kind of this force conglomeration of bank where's bigger is naturally better. you have seen, obviously, too big to fail banks become too bigger to fail, such as j.p.morgan, or wells fargo which bought wachovia. but there are others who find they can't hit their stride with the asset they say accummed a decade ago. >> ifill: what we're watching happening at citigroup. does that make them an outlier or a sign of things to come? >> i think
and the ability to work with others in a competitive environment is a huge life skill. competitive sports and the extraordinary game of american football. >> what do you want for christmas? >> at least an 8-8 record by the dolphins. i know i should aim higher. >> mrs. rubio, happy birthday. we appreciate you being here. thank you for being here and thankful to the bank of america. and thank you for coming out early. senator rubio for a fantastic conversation. [applause] captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> president obama addressed a group of corporate executives today in washington. he talked about negotiations with congressional republicans on deficit reduction and the so-called fiscal cliff. >> the holdup right now is that speaker boehner took a position -- i think the day after the campaign -- that said we're willing to bring in revenue, but we aren't willing to increase rates. and i just explained to you why we don't think that works. we're not trying to -- we're not insisting on rates just out of spite or
the new jobs come, from but we have got to have an environment that creates jobs for everyone and you've done the studies yourself to show that increasing taxes on the top 2%, the portion of that that falls into small business owners who actually pass that through their personal income, is small and the portion of those that actually employs several workers is small, so i'm not arguing that taxes should go up for the rich. that's somebody else's argument to have. my point is it's not going to crush the economy to do so. >> so much heat of the conversation is just around the taxes for the rich. the jobs numbers, rear view mirror. >> absolutely. >> talking about how to fix it and how we're going to buttress the recovery. >> now we look at the future. >> ali velshi, thanks. >>> up next, america's oldest dictionary has announced the words of the year. can you tell it was an election year. which one was the most popular search in 2012. the answer after the break. health care system i wae spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my
does the company like mine compete in a global environment where products from china and india and europe are crashing on our shores? >> they are dumping product by having government subsidies to chien needs products that are often then subsidized so they can put you guys out of business on the entire market. that's what a lot of americans don't understand. it's frustrating to me. >> there is probably an even more important point about the product that is that our own government is making it more difficult for us to compete. >> how are they doing that? >> president obama is making the rounds. he is going to help us out by increasing our taxes. the only way we can beat governor is by investing in equipment. if the wage rates are lower in china and steel costs the same electricity costs the same the only way i can make business is to have better gimeequipment ane only way to have better equipment is to continually investment the only way to continually invest is make a profit. we are unable to invest in equipment capital accumulation increases wage growth decreases. >> there are
for taxpayers and taxes paid. so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate your coming on the show, thank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-hand side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while congress talked about wanting to cut excess spending, the numbers may tell a different story. i will break it down coming up next. ally bank. why they have a raise your rate cd tonight our guest, thomas sargent. nobel laureate in econocs, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise ur rate cd. ally bank. your money needs an ally. gerri: where would we be
environment. we think of that? >> it is absolutely true. it is the possibility of capital gains and the stream o dividends. it is the same as diverting water away from the river. the river won't have the same amount of flow and that will affect the value of the wer come into the river and of the stock market. eventually in time, that will be repriced and recess -- but for now, it is a big deal against the stock market. neil: all the companies that have been hiking up their dividends. whaa is enough for them to do it now? >> well, what's in it for them is that the stockholders get a dividend of four the taxes are increased upon him. and that is a big plus for them. by the way, they c accomplish very much the same thing through stock buybacks. neil: we are probably not eing that now. >> big smiles, i see people all the time. people don't look happy. neil: even when we h a boom in the economy, i would b in a mall and i would not be happy. >> that we are talking about the other people. [laughter] neil: you can catch him on fox news. >> thank you. neil, you are always a start. neil: it's you, buddy
of services for taxpayers and taxes paid. so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate yo coming on the show,hank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-nd side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while ngress talked about wanting to cut excess spending, the nbers may tell a different story. i will break it down coming up next. you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you looking at? ha! cat-like reflexes... whoa! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. don't you do it. don't you do it! [ mal
an environment in which we can care for the elderly. >> the think americans will remain optimistic but this did of the economy? if we have not tackle the things we have just talked about like the cost of education, the housing market? we are figuring out some philosophical issues about taxing and funding? >> i think the economy has been growing slowly and steadily all in the absence of any movement, which we have seen over the test of the last year. i have worked on guantanamo for the past 10 years. my sense is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, -- in a long time, at least we will not see head winds. we are making some progress. i see that continue. >> i want to come back to what todd said earlier. i am concerned about confidence being fragile. todd reference what happened until august of 2011. we saw in limited to lie confidence tank. market confidence grew jog with some of the market confidence plunged. i think we have to be concerned -- market confidence plunged. if we look like we are not grappling with t
remember to put money to work. in an environment where not people put money to work and people aren't doing anything, you get an influx of retail money. you have to commit that money to your retirement and to your kids. >> interesting. >> it's a big difference. >> btig has a note on seasonality regarding the end of the year and even december '08 was positive. how resilient the month of december is. >> funny you mention that. that was such a false tell. we thought maybe things had bottomed and then just off a cliff, not fiscal but stock right after that. it's a great note. >> meantime, as we await the opening bell this morning, we'll look at the s&p 500 at the realtime exchange on the top of your screen. big board here. >> there's the bell over at the nasdaq today, sears holdings and st. jude's children's research hospital celebrating the st. jude thanks and giving campaign. lead story involves delta and talks they say to acquire from singapore some stakes in virgin atlanta. >> we'll see what happens. they have been active. the one people are more focused on is american airlines in bankruptc
to meet. they don't meet. so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call i
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